HC relegates auction purchaser to DRT for remedy u/s 17 of SARFAESI as writ challenging auction wasn't maintainable

FEMA amp; BANKING : Where petitioner had purchased assets sold by respondent-IFCI in a public auction but land sold vested in State of Karnataka and IFCI did not have right title over land auctioned, writ petition filed by petitioner challenging said auction was not maintainable and petitioner was relegated to remedy under section 17 before DRT

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